ADSLOT LTD. — AGM Information 2007

Dec 6, 2007

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ABN 70 001 287 510 Level 3, 95 Coventry Street South Melbourne Vic 3205 Australia Phone + 61 3 8695 9199 Fax + 61 3 8695 7000

7[th] December, 2007

Manager of Company Announcements Australian Stock Exchange Limited Level 6, 20 Bridge Street, SYDNEY NSW 2000 By: eLodgement

Page 1 of 4

ANNUAL GENERAL MEETING – CHAIRMAN’S ADDRESS

Please find following the Chairman’s Address to be given at the Annual General Meeting of Ansearch, being held today at Level 11, 500 Collins Street, Melbourne at 3:30pm

Yours Sincerely

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Damian Element Company Secretary

Ladies and Gentlemen, it is with a mixture of pride and sadness that I greet you as fellow shareholders today in my final AGM address.

As you are probably aware I have not sought re-election as a director at this meeting and will accordingly retire as both a director and as your Chairman at the conclusion of this meeting – this final AGM as Chairman is naturally tinged with a fair amount of emotion.

I started the journey with Ansearch from the beginning and was its founding Chairman. It is hard to believe that the beginning was only some three years ago – indeed last year was the first year of Ansearch in terms of name and singular focus and identity. What has been achieved in that short time is, in my view, quite remarkable and I feel very proud and privileged to have been a part and to have played a part in its growth and development.

What should be viewed in perspective is that this growth and development was achieved despite the difficulties of our beginning. Ansearch started its listed life following its acquisition by a small ASX company. That company had a fair degree of corporate baggage and virtually no money. Ansearch, until very recently, has never been blessed with adequate growth capital. To achieve what we have without the strength and benefit of a healthy bank account is testament, I believe to our vision, dedication and hard work. Some may suggest stubbornness and blind faith with a slice of acrobatic promotion played their part – either way we turned a struggling, unfunded fledgling into a revenue positive company with a growing financial base, strong product lines, impressive partnerships and an emerging reputation.

On that point it is appropriate to mention the announcement made by Ansearch to the ASX earlier today . That release relates to the fact that Ansearch has been defined at the top in the recently released “Deloitte Technology Fast 50 Awards” The Company was ranked as number one in Victoria and number two, nationally in the indepth survey. Importantly, Ansearch was voted first in ASX listed technology companies in terms of percentage revenue growth and the highest ranked nationally within the Internet industry.

None of this came easily or without a great deal of effort and perspiration. It is appropriate at this time for me in my final address to acknowledge and pay respect to the many dedicated employees and consultants, whose loyalty, hard work and industry talents have assisted me, in my role as Chairman. I would further like to thank those people on behalf of you as shareholders and Ansearch itself. To all those parties, including some, who for a variety of reasons, have moved on - to those who were there from the start and others who have more recently joined – thank you sincerely.

I would also like to thank the financial advisors and stockbrokers who assisted myself and the Company along its development path to date and for backing our plans and our visions– again thank you. May I further pay particular respect to the Company

founder – Dean Jones. There is no question in my mind that without his vision, energy and unique skills, Ansearch would not have achieved what it has to date.

So what has the Company achieved? Perhaps the simplest way of reviewing Ansearch during its short history is to look at the Company’s revenue growth, on a quarter-by-quarter basis, from our inception.

For the first quarter of the 2005 – 2006 financial year (that is Q1-06) revenue income was essentially zero. That revenue built up progressively to $1.06 for the April to June 2006 quarter (Q4-06). The total revenues for the respective four quarters for the financial year 2006 – 2007 were: $1.18 million; $1.87 million; $3.41 million and ; $4.78 million. – a truly impressive escalation and substantial achievement.

Total revenue for the year under review (the period July 2007 to June 2007) was up a remarkable 488% over the previous year.

During the year several other significant events occurred that are noteworthy. In the period the Company amongst other things:

• completed its innovative capital raising, adding some $7.6 million to its available development base;

• increased group employment from 11 to 81;

• completed the acquisition of the highly regarded web design and development group – Webfirm and;

• finalised new expansive agreements with both Yahoo and Google, expanding global reach and international connections

Importantly, the new financial year has continued the impressive performance pattern and revenue growth with Q1-07 delivering a very strong result. Total revenue for the quarter was $6.35 million and results now to hand indicate that November was a record month for media sales.

Like most things, however, there is always a matter that we would prefer not to have happened or that we would prefer to forget. In the case of Ansearch it was the unfortunate events that led to the serving of a notice by founder and major shareholder Dean Jones seeking to remove two directors from the Board.

It is no secret that I supported that application. I believed, as did Dean Jones, that certain events were unfolding that were disruptive and not in the interests of the Company. We were of the view that the Ansearch vision and its strong culture of teamwork and dedication were in question and that alienations were developing that could disturb the Company and impede long-term growth. Happily that is now behind us and we move on with only a little repair work to be done.

I am strongly of the view that the addition of new director, Andrew Barlow and new CFO and Company Secretary, Damian Element, will help negate any possible or remnant negative. The current disappointing share price which has retreated somewhat from the levels of around 10 cents that occurred immediately after the appointment of Dean Jones and Andrew Barlow is probably the final reaction to the

events precipitated by the matters leading up to the calling of the Shareholder’s Meeting. I have little doubt that the share price will quickly recover that lost ground.

One of the more important issues that any retiring director and certainly any retiring Chairman should address is to make sure that there is a successful transitional succession to a new, enthused, dedicated and talented group of people - both directors and senior executives.

I believe that is emerging as the case with Ansearch. I am personally delighted with the re-appointment of Dean Jones and the appointment of Andrew Barlow to the Board. I can advise that the Company will shortly announce the appointment of an additional, highly talented and regarded director. Upon that appointment, shareholders can feel well served by a Board with substantial ability and impressive track records.

I can further advise that the Company is close to announcing the appointment of a new CEO. Final discussions have been held with the prospective appointees. I am both delighted and enthused by the quality and track records of the final applicants and have no doubt that the new CEO has the ability and desire to create and seize new opportunities for the Company, substantially assist in its rapid development and strongly manage its growth.

In completion may I sincerely thank you, the shareholders for your belief, your support, your loyalty and your financial contributions to the recent entitlement issue.

I leave this company with a proud sense of achievement and a true sense of excitement. I have no doubts, whatsoever, that this time next year, your new Chairman will be expanding on the successes of this current year and you will continue to see the strong signs of an emerging company of substance and escalating profits.

Peter Jermyn Chairman

7 December 2007